Lear, the seating and e-systems supplier, released its 2021 Sustainability Report, featuring the company’s progress on its renewable energy strategy, innovative green products, supplier sustainability, and diversity, equity and inclusion (DEI) efforts.
“Since we integrated ESG into our company’s long-term strategy, our global teams are helping us advance on our sustainability journey,” said Ray Scott, president and CEO.
Go deeper with GlobalData
Highlights
Renewable Energy Strategy
After announcing its climate change goals in 2020, Lear developed a robust strategy to help the company achieve 100% renewable energy for electric power consumed at its manufacturing plants by 2030. The goal has already been reached in Germany, Poland and the United Kingdom, representing approximately one-half of Lear’s electricity use in Europe. To build on this progress, Lear plans to use a combination of methods including partnering with energy utilities to procure renewable energy as well as on-site generation for its remaining global sites.
Green Products
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWith three Automotive News PACE Award-winning innovations in 2021, Lear is helping electric vehicles charge faster and drive farther. In fact, six out of eight key E-Systems launches in 2022 will include content on new electric vehicles. By 2026, 4 million electric vehicles are expected to rely on Lear’s new high-voltage connection systems as the main battery/vehicle interface. Additionally, Lear’s sustainable solutions include lightweight seating structures as well as renewable and recycled materials that divert waste from landfills and support a global circular economy.
Product Sustainability
To determine the cradle-to-grave sustainability of its products, Lear initiated life cycle assessments on its seating, leather and wire harness products in 2021. In addition, the company published a new product directive to integrate sustainability into its design process.
Supplier Sustainability
In 2021, a third party evaluated 1,600 of Lear’s production supplier locations on environment, responsible sourcing, ethics, human rights and management. Lear expects to complete assessments of approximately 3,000 of its production suppliers by the end of 2022.
Other major highlights from the sustainability report include:
Launching the Together We Grow program to provide meaningful development and proactive career management for future diverse leaders.
Spending $5.1 billion with certified minority-owned, women-owned and veteran-owned suppliers in the United States in the past decade.
Renewing its commitment to the United Nations (UN) Global Compact as a signatory participant and to the UN’s Sustainable Development Goals.
Increasing transparency and enhancing reporting with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and in accordance with the Core Requirements of the Global Reporting Initiative (GRI).
